Q. ‘FRDI’ Bill, 2017 aims to protect the stability of the financial system. Once enacted, FRDI Bill 2017 will be replacing ______.

A) Deposit Guarantee Corporation Act, 1980

B) Deposit Insurance and Credit Guarantee Corporation Act, 1961

C) No option is correct

D) Credit Guarantee Corporation Act, 1990

✔ Correct Answer: Deposit Insurance and Credit Guarantee Corporation Act, 1961

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